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La question de l’endettement public en sept points

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  • Patrick Artus

Abstract

The very high level of public debt rates after the Covid crisis has revived the debate on the sustainability of public debt. For some, it is urgent to return to a more restrictive fiscal policy, to reduce public debt rates, to avoid the divergence of public debt rates that would certainly lead to a financial crisis; for others, in an environment of very low interest rates, it is necessary, on the contrary, for the State to take on more debt in order to finance necessary public spending. Policy makers are confronted with this divergence of views among economists, which obviously makes their task difficult. We will try here to reflect on this question of public debt by organizing the reflection into seven points, and by illustrating the analysis with data for the euro zone. Classification JEL : H50, H54, H60, H62, H63, H68.

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  • Patrick Artus, 2022. "La question de l’endettement public en sept points," Revue d'économie financière, Association d'économie financière, vol. 0(2), pages 201-216.
    • Handle: RePEc:cai:refaef:ecofi_146_0201
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    JEL classification:

    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt

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